EUR/USD - 1.4715 Daily Market Outlook - Dec 10

By IBTimes Staff Reporter | December 10 2009 3:07 AM

Despite euro's choppy trading above yesterday's low at 1.4665 (Australia), a breach of previous resistance at 1.4783 is needed to signal recent decline has indeed formed a temporary low there and bring correction to 1.4820/30 and then 1.4870. On the downside, below support area at 1.4665/73 would confirm the aforesaid fall from 1.5145 (November 2009 high) has resumed and yield further subsequent weakness to 1.4626.

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